Forex is a very lucrative market and the market is $4 Trillion a day! (Yes that's true). You might consider why to invest in the forex market when there are many options available such as stock exchange,real estate and that's why we wrote this post.
There are many advantages of trading in the foreign exchange market. We have listed them in our post:
Largest Financial Market:
Forex is the largest financial market in the world the daily volume is about $4 Trillion. Thousands of traders trade daily in the forex market.
Ease Of Entry
Foreign exchange is have a very good advantage and that is : it is quite easy to come into the game and play it. Many trading platforms allow you to start with even $1.00 but the common are $50 or $100 but still not bad(is it???).
High Level Of Liquidity
Due to presence of top players and banks in the market the market have high levels of liquidity and thus even largest transactions are completed within seconds.
24 Hour Trading
Forex never sleeps and the market is open for 24 hours a day and 5 days a week. The market prices depends upon the timezone and you can find currency pairs at any time to trade. This opens huge opportunities for the 9 to 5 people.
Ease Of Trading
There are so many platforms in the market and due to the competitiveness you get the best trading tools and features in the platforms and thus they make your trading easy and comfortable.
These were some advantages of investing in the forex market and we hope we were clear enough to make you understand the advantages.
Everything have some disadvantages as well and we will write another post about the disadvantages of forex trading so that you can know the market better.